520 N Dearborn ST, Indianapolis, IN 46201
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520 N Dearborn ST, Indianapolis, IN 46201
520 N Dearborn ST, Indianapolis, IN 46201
520 N Dearborn ST, Indianapolis, IN 46201
520 N Dearborn ST, Indianapolis, IN 46201
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Shannon Gilbert

Shannon Gilbert

+1(765) 532-6503
Listed by Peter Stewart • Keller Williams Indpls Metro N
$ 49,000
Est. payment /mo
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520 N Dearborn ST Indianapolis, IN 46201

3 Beds

1 Bath

2,328 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,328 sqft

Price per Sqft $21

Subdivision Hoffmans E Mich St

MLS Listing ID 22128392

Bedrooms 3

Full Baths 1

HOA Y/N No

Year Built 1912

Tax Year 2025

Lot Size 4,356 Sqft

Acres 0.1

Property Sub-Type Single Family Residence

Property Description

CALLING ALL INVESTORS AND REHABBERS!! 520 N Dearborn St presents a compelling fix-and-flip opportunity in Rivoli Park on Indianapolis' near east side. Situated on a quiet residential street just beyond an active revitalization zone, this property is positioned directly in the path of progress as redevelopment continues to expand into the surrounding area. This 2-story home offers 3 bedrooms, 1 full bath, 1,586 sq ft of living space, plus a 742 sq ft unfinished basement. The interior is in major disrepair and will require extensive renovation, while the exterior is in comparatively good condition and could benefit from a cosmetic facelift to maximize curb appeal and ARV. The main level features a spacious living room, large formal dining room, eat-in kitchen with breakfast nook, and a semi-open circular layout that could potentially be reconfigured into an impressive open-concept floor plan. The main-level laundry room may also offer potential for conversion to a half bath. Upstairs are all 3 bedrooms and the full bathroom. Much of the original woodwork remains, including baseboards and door/window trim, providing character worth preserving. Renovated properly, potential ARV could approach $250K! Priced for a quick sale. Cash or hard money only; no seller or creative financing. Priority will be given to offers able to close by 10/30.

Location

State IN

County Marion

Rooms

Basement Unfinished

Interior

Interior Features WoodWorkStain/Painted

Heating Forced Air, Gas

Cooling None

Fireplace Y

Appliance Electric Oven, Refrigerator

Exterior

View Y/N false

Water Access Desc Public

Building

Story Two

Foundation Block

Water Public

Architectural Style Traditional

Structure Type Vinyl With Brick

New Construction false

Schools

School District Indianapolis Public Schools

Others

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© 2026 All listing information is courtesy of MIBOR Broker Listing Cooperative(R) as distributed by MLS Grid. All rights reserved.
Shannon Gilbert

Shannon Gilbert

Broker License ID: 14037650

+1(765) 532-6503

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